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(SUNDRMFAST) Sundram Fasteners complete technical analysis [charts+indicators] | Buy/Sell Sundram Fasteners | (SUNDRMFAST) share price targets

Complete technical analysis of Sundram Fasteners (SUNDRMFAST) by charts plus indicators, forecast predictions and share price targets for Sundram Fasteners (SUNDRMFAST)

Sundram Fasteners trades in NSE in Auto Parts & Equipment sector.

10 day averaged volume of Sundram Fasteners is 200719

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	1051.05	1080.05	1080.90	1048.55	3.76 times
23 Tue Apr 2024	1070.55	1079.05	1088.40	1064.95	0.163 times
22 Mon Apr 2024	1067.75	1096.50	1102.75	1065.50	0.467 times
19 Fri Apr 2024	1090.75	1113.65	1119.15	1079.00	1.265 times
18 Thu Apr 2024	1108.10	1105.90	1140.00	1103.00	0.651 times
16 Tue Apr 2024	1100.15	1114.80	1134.40	1100.00	1.573 times
15 Mon Apr 2024	1114.65	1123.65	1144.60	1101.95	0.291 times
12 Fri Apr 2024	1125.25	1132.25	1142.00	1120.00	1.472 times
10 Wed Apr 2024	1126.35	1151.00	1164.90	1120.10	0.432 times
09 Tue Apr 2024	1145.55	1110.05	1155.00	1106.50	3.215 times

Stock of Sundram Fasteners (SUNDRMFAST) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1061, but if it comes above 1061, then a intra day buy could be more profitable.
If you take a sell trade below 1061, then use 1061 as stoploss and 1028 as target. However if you take a buy trade in stock , then use 1061 as stoploss and 1088.6 as target.

Share price targets for Sundram Fasteners (SUNDRMFAST)

Target Type	Value
Downside Target	1003.05
Downside Target	1028.30
Upside Target	1072.00
Upside Target	1144.60
Upside Target	1164.90
Upside Target	1215.00
Upside Target	1216.00
Upside Target	1276.00
Upside Target	1286.50
Upside Target	1295.00

Intraday share price targets for Sundram Fasteners (SUNDRMFAST)

Target Type	Value
Downside Intraday Target	1032.15
Downside Intraday Target	1013.25
Upside Intraday Target	1086.35
Upside Intraday Target	1121.65
Upside Intraday Target	1067.45

Weekly technical analysis of Sundram Fasteners (SUNDRMFAST)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	1051.05	1096.50	1102.75	1048.55	1.161 times
19 Fri Apr 2024	1090.75	1123.65	1144.60	1079.00	0.676 times
12 Fri Apr 2024	1125.25	1090.00	1164.90	1090.00	1.207 times
05 Fri Apr 2024	1083.95	1093.60	1117.40	1072.00	3.263 times
28 Thu Mar 2024	1093.60	1038.05	1108.85	1028.30	0.643 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sundram Fasteners (SUNDRMFAST)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	1051.05	1093.60	1164.90	1048.55	1.786 times
28 Thu Mar 2024	1093.60	1074.00	1108.85	1003.05	0.769 times
29 Thu Feb 2024	1070.50	1225.25	1286.50	1035.00	1.731 times
31 Wed Jan 2024	1219.15	1242.95	1295.00	1215.00	0.558 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Sundram Fasteners (SUNDRMFAST)

Price action analysis of Sundram Fasteners ( (SUNDRMFAST) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sundram Fasteners ( (SUNDRMFAST) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sundram Fasteners ( (SUNDRMFAST) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sundram Fasteners stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sundram Fasteners in short term and the sell signal is strong.

Sundram Fasteners Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Sundram Fasteners in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Sundram Fasteners is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1099.18 and Sundram Fasteners (SUNDRMFAST) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Sundram Fasteners (SUNDRMFAST) stock. Volume based technical analysis of Sundram Fasteners (SUNDRMFAST) stock is negative.

Sundram Fasteners Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.